CoinJoin is a class of anonymous doings that helps Bitcoin users maintain their monasticism while sending Bitcoin. CoinJoin is a multiparty "Bitcoin mixing" arrangement at the d‚nouement of which it is unclear who owns which coin.
Consider the following transactions made at the in spite of time: A purchases an item from B, C purchases an ingredient from D, and E purchases an memo from F. Without CoinJoin, the popular blockchain ledger would list three separate transactions pro each input-output match.
With CoinJoin, only
bitcoin mixer united single goings-on is recorded. The ledger would guide that Bitcoins were paid from A, C, and E addresses to B, D, and F. By masking the deals мейд by all parties, an beholder cannot with roundish certainty discover who sent Bitcoins to whom.
While some believe that CoinJoin is a unfamiliar technology, this is not valid. CoinJoin is completely an advancement on already existing technology – Bitcoin. And Bitcoin mixers invoke occasion CoinJoin technology to users.
